Business For Sale

Specialty Restaurant

Not Disclosed, VA
Richmond City County


Asking Price: Annual Revenue:
$159,000 $350,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Specialty Restaurant Broker: Bill Kelly

Quick Facts

Asking Price: $159,000
Annual Revenue: $350,000
Net Profit: Not Disclosed
Cash Flow: $35,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 4
BBN Listing #: 965443891
Broker Reference #: 9525-173024

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Business Overview:

Successful Chinese Restaurant that was converted to an American tap house to suit new management which failed and was removed. Before conversation from Chinese to Tap House restaurant used to do monthly sales of $30,000 to $35,000. Owners free cash flow was $10,000 to $15,000 per month.

Electric: $600 per month, Utilities: $700 per month, Alarm system is $100 per month, Restaurant comes with new point of sale system (no lease) Multi Camera Video System, newly rebuilt AC Unit, Walk in Freezer and walk in refrigerator, 18 ft hood, Ice Machine, Dish Washer, Grill, Stove and much more. 12 Chair Bar with 20 taps and double coolers.

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Property Features and Assets:

Successful Chinese Restaurant that was converted to an American tap house to suit new management which failed and was removed. It can be restored as Chinese restaurant or keep as a tap house

Market Competition and Expansion:

Restaurant is in an excellent location close to VCU college, it needs more marketing to college students and sports teams which will attract more business. Business needs expanded website and social media presence Restaurant is in an excellent location close to VCU college, it needs more marketing to college students and sports teams which will attract more business. Business needs expanded website and social media presence.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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